PADI

Company


PADI is the largest professional SCUBA diving membership organization in the world. Founded in 1966, the Company offers SCUBA diving memberships and certifications to professional and recreational divers. Through a global network of 130,000+ instructors and 6,300+ dive shops and resorts across more than 180 countries, PADI is truly the world’s gateway to SCUBA diving.

 
Investment


In April 2017, a consortium of family offices acquired PADI from Providence Equity Partners.

PADI is the world’s largest diving membership and diver training organization.  PADI’s global network of instructors and dive shops and resorts sets the industry standard for SCUBA instructor training. The PADI System of diver education is designed to make learning enjoyable through performance-based learning, state-of-the-art education materials, and continuing diver education. With this global platform firmly in place, the Company plans to further leverage its brand and expertise to continue bringing first-class SCUBA diving experiences to PADI Divers worldwide. 

 

Key Achievements


For millions of people around the world, PADI is the first step towards a safe and fun SCUBA diving adventure. In December 2016, PADI certified its 25 millionth diver.

More recently, PADI has been focusing on three key growth initiatives: 1) further penetration into the Chinese market, 2) the upcoming launch of myPADI, an online community for PADI diving enthusiasts, and 3) continued investment in a market-leading suite of digital product offerings. These initiatives, alongside the Company’s overall growth plan, will broaden the PADI family, forge stronger connections among the diving community, and deepen the Company’s presence in the global SCUBA diving ecosystem.

 

 

Investment Date:

April 2017

Divestment Date:

In portfolio

Sector:

Travel & Leisure

Deal Type:

Minority Investment 

Headquarters:

Rancho Santa Margarita, CA, USA

Management: 

Drew Richardson
Chad Kuehn
Kristin Valette

PADI